News and Publications
Seminars and Services
Government Affairs
About NAMIC
|
|
Read
Financial News and Information
Natural Disaster Policy Should Not Incentivize Risky Behavior, NAMIC Tells Congress
To properly address coastal insurance issues there must be an appropriate balance between the private insurance sector and the government that avoids encouraging risky behavior in disaster-prone areas. (Posted: 7/2/2009)
North Carolina: House Committee Debates Beach Plan Reform
The North Carolina House Insurance Committee last week took up HB 1305, legislation to reform the “Beach Plan,” as recommended by the Joint Select Study Committee on the Potential Impact of Major Hurricanes on the North Carolina Coast. (Posted: 6/30/2009)
NAMIC Sends Letter to Key Congressional Leaders
Last week, NAMIC sent a letter to the Chairman and Ranking Member of both the House Financial Services Committee and the Senate Banking, Housing and Urban Affairs Committee. On the heels of the Obama Administration’s release of the white paper on financial services regulatory reform both committees have scheduled hearings considering various aspects of the plan as they begin to craft legislation. (Posted: 6/30/2009)
Secretary Geithner Testifies Before Congress on Administration’s Plans for Regulatory Reform
Treasury Secretary Timothy Geithner returned to Capitol Hill last week to answer questions regarding the Obama administration’s recently released white paper on financial services regulatory reform. He testified Thursday morning at a hearing before the Senate Committee on Banking, Housing, and Urban Affairs. The hearing was attended by the entire membership of the committee – a rare occurrence in Washington. (Posted: 6/23/2009)
NAMIC Encouraged but Cautious About Administration’s New White Paper
The Obama administration today offered several positive recommendations that could help address the regulatory problems that created the current financial crisis, according to NAMIC. (Posted: 6/17/2009)
Ohio DOI Warns Agents and Brokers of Scam
Ohio Department of Insurance Director Mary Jo Hudson sent a letter June 16 to Ohio insurance professionals warning them of a new scam. (Posted: 6/17/2009)
NAMIC Provides Guidance on Newly Implemented Identity Theft Rules
On November 9, 2007, six federal agencies - Federal Reserve Board, Federal Deposit Insurance Corporation, National Credit Union Administration, Federal Trade Commission, Comptroller of the Currency, and Office of Thrift Supervision - issued joint regulations imposing new identity theft requirements. (Posted: 6/16/2009)
Administration Releases Plans for Financial Services Regulatory Reform
The push to overhaul the nation’s financial regulatory system is expected to take center stage in Washington this week. The Obama administration is expected to unveil a reform proposal tomorrow, and Treasury Secretary Timothy Geithner is scheduled to testify before the House Financial Services Committee on Thursday. (Posted: 6/16/2009)
Proposed Financial Products Safety Commission Gains Traction
There has been an increasing push in Washington recently to create a Financial Product Safety Commission that would apply the same type of consumer protections to financial products that currently exist for other consumer products such as pharmaceuticals and children’s toys. The new agency would be modeled after the Consumer Product Safety Commission and would be given jurisdiction over improving public education on financial products such as mortgages and credit cards. (Posted: 6/16/2009)
Property/casualty insurance does not pose a systemic risk and should not be subject to any new federal systemic authority, according to NAMIC. (Posted: 6/16/2009)
Catastrophe Reserving, Model Act for Investments NOT on Summer Schedule (6/11/2009)
States’ Adoption of NAIC MAR is Touch-and-Go for 1/1/10 Deadline (6/11/2009)
Revised OPEB Accounting Standard Looms but Needs Adjustment for RBC Effect (6/11/2009)
Report: Massachusetts Auto Insurance Competition Working (6/3/2009)
New Analysis Provides Roadmap for Teen Driving Laws (6/3/2009)
Texas: Anti-Fraud Legislation Headed to Governor (6/3/2009)
Kanjorski Reintroduces OII (6/2/2009)
Massachusetts: Auto Competition Working Well, Legislators Told (6/2/2009)
Oklahoma: Governor Vetoes No Pay/No Play Bill, Signs Bill Banning Accident Response Fees (6/2/2009)
Louisiana: House Bills Garner Senate Committee Approval (6/2/2009)
Former Massachusetts Governor Warns Against Dangers of Employee Free Choice Act (6/2/2009)
Florida: Governor Signs Bill to Put Citizens on ‘Glide Path’ to Actuarially Sound Rates (6/2/2009)
South Dakota: Legislative Session Wrap-Up (6/2/2009)
Congress Returns From Recess With Packed Summer Agenda (6/2/2009)
New York Insurance Superintendent Resigns (5/29/2009)
Maine: Sponsor Drops Support of NAMIC-Opposed Bad Faith Bill, Cites Bureau Bulletin, Industry Testimony (5/12/2009)
Congress Working to Create Commission to Study Financial Crisis (5/12/2009)
Florida: Financial Services Commission Takes Up ‘Not-at-Fault’ Rule for Auto Insurance (5/12/2009)
House Financial Services Committee Begins Planning for Hearing on Insurance (5/12/2009)
South Carolina: Wildfire Near Myrtle Beach Consume More Than 20,000 Acres (4/28/2009)
Financial Services Regulatory Reform Pace Continues to Slow (4/28/2009)
Organized Labor Tries New Tactic to Advance Agenda (4/21/2009)
Pelosi Calls for Commission on Financial Crisis (4/21/2009)
Receive State-specific Updates
Receive e-mail updates from NAMIC Online regarding the states of most interest to you. You will only receive an e-mail when new stories are posted, and only for those states you select. No new news...no e-mail.
= access available only to registered users from NAMIC-member companies